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Unemployment Rises in June
By Lauren Bayne Anderson
JULY 8, 2011 — The Nation’s Unemployment rate rose to 9.2% last month – up from its two year low of 8.8% in March.
The bad news is adding to spreading fears that the recession is headed for a “double dip”, where things could get worse again before they get better.
In June, employers added almost no new jobs. Only 18,000 jobs were added, a far cry from the 100,000 experts expected.
In the beginning of the year (From February to April) employers added an average of 215,000 jobs per month, which gave analysts hope that the economy was on an upswing.
Unfortunately, those hopes were dashed with this latest report in June.
Analysts say the economy needs to add 125,000 – 175,000 jobs each month just to keep up with the pace of the work force—including recent graduates and older people who have delayed retirement due to the economy. That doesn’t even take into account the millions of unemployed that are still in need of work.
Currently about 14 million Americans are unemployed, almost half for six months or longer.
The only good news: Analysts still forecast an upswing in jobs for the second half of the year.
Some information compiled from the Los Angeles Times
julaakas
6 months ago
22 comments
until I looked at the check which was of $6519, I be certain that...my... neighbour truly bringing home money part time from there labtop.. there brothers friend started doing this less than twenty months and as of now paid the debts on their place and got a great new Audi Quattro. this is where I went, http://www.Cloud65.com
harleydavigirl
almost 2 years ago
2 comments
I have been working for the state of almost 17 years and recently had to take a second job, I was lucky, I got hired in less than a week, but most companies are using employment agencies to hire people. The only issue is some of those tests can be a test that you may not be familiar with and this can stop you from getting a really good job. I think that we are still in a recession and that it is going to take awhile before we can really rebound from this unemployment situation.
Unaccredited Cate
almost 2 years ago
When I was still working I thought how lucky I was to still have my job. When new owners bought the store I was working in I lost my job because I was no longer needed. I have been struggling to find work since being laid off back in October. I work some here and there but not enough. I just keep wondering is there ever going to be a light at the end of this dark tunnel.
Frank_Ball
almost 2 years ago
19756 comments
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